19 Exchange St E - Schools FOR SALE


Saint Paul, MN 55101- Arts District
$2,900,000 USD
612-834-2250
19 Exchange St E, Saint Paul, MN for Sale
$2,900,000 USD
Schools - FOR SALE
1/19
null | Request Cap Rate

19 Exchange St E
Saint Paul, MN 55101
Arts District


HIGHLIGHTS

  • Home of the History Theater.
  • Elevators (passenger and freight).
  • Easy access to I-94 & I-35E near 10th St Light Rail Station.
  • Flexible design with classrooms & offices
  • Tax exempt.
  • Estimated operating expense $5.61 PSF.

OVERVIEW

19 E. Exchange Street in downtown St. Paul. This 3-story building, located at the bustling corner of Wabasha and Exchange Street, boasts 129,220 SF of potential on a vast 1.84-acre plot. Previously the McNally Smith College of Music and Upper Mississippi Academy, this property offers a unique blend of class and flexibility. Elevators, a commercial kitchen, and specialty classrooms cater to various needs while the 325-seat theater space with full amenities provides endless possibilities for events and performances. Conveniently connected to the skyway and near the 10th Street Light Rail Station, accessibility is unmatched. Not to mention the grand entrance, high ceilings, and ample natural light that add an inviting touch to the space. With a negotiable lease rate and a sale price of $2,900,000, this is a rare opportunity to own or lease a piece of St. Paul's rich cultural history. Investment Highlights -129,220 SF -1.84 Acres -Home of the History Theatre -Former McNally Smith College of Music and Upper Mississippi Academy -Elevators (passenger and freight) -3 floors and lower level -Commercial Kitchen -Fire sprinkler system -Skyway connected -Easy access to I-94 & I-35E -Near 10th ST Light Rail Station -Flexible design with classrooms & offices

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$22 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

-

APN/PARCEL ID

31-29-22-34-0200

ASK ABOUT THIS PROPERTY

Kevin PeckSuntide Commercial Realty, Inc.More Info
612-834-2250

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Kevin PeckSuntide Commercial Realty, Inc.More Info
612-834-2250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.